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OAO NGK Slavneft signed a cooperation agreement with the Government of the Yaroslavl region for 2010

11.02.2010

Today an additional cooperation agreement between OAO NGK Slavneft and the Government of the Yaroslavl region for 2010 has been signed in Yaroslavl.

The specified document signed by Yury Sukhanov in his capacity of the OAO NGK Slavneft’s President and Sergey Vakhrukov in his capacity of the Governor of the Yaroslavl region determines the key interaction directions and parameters of the parties in the social sphere.

According to the signed agreement in 2010, the expenses of the Slavneft’s enterprises which conduct their activities in the Yaroslavl region for the social support of personnel shall amount over 260 mln rubles. These funds will be spent to the fulfillment of social obligations towards to employees according to collective contracts, increase in the accumulations in the non-state pension fund, arrangement of entertainment and sport events for employees and voluntary medical insurance.

In order to finance the charity projects according to the concluded cooperation agreements, Slavneft intends to allocate 100 mln rubles. As proposed by the Government of the Yaroslavl region, the social investments will be spent for repairs and equipment of medical and education institutions, rendering of assistance to children's and youth sport schools of Yaroslavl, support of the Russian Orthodox Church, implementation of the program of regional departments of the Russian Fund of Beneficence and Health and the Russian Children Fund.

Having commented the signed agreement, Yu.E. Sukhanov highlighted that OAO NGK Slavneft has been focusing a great attention to the social development of the Yaroslavl region where live and work over 5 thousand employees of the holding. He said that the Company intends further actively assist to the regional authorities to implement the projects which provide for the economical growth improvement of the social climate and life quality.